ces April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in...

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ces April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. April 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 3 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to the company's computer. April 30 The company paid $750 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows. 101 Cashi 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 209 Salaries Payable. 307 Common Stock) 318 Retained Earnings 319 Dividends Use the following information: a. Prepaid insurance of $133 has expired this month. 405 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense: 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense t 688 Telephone Expense 901 Income Summary b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 101: Cash Date Debit General Ledger accounts Credit Balance Date 106: Accounts Receivable Debit Credit Balance Date 124: Office Supplies Debit Credit Balance Date 128: Prepaid Insurance Debit Credit Balance Date Date 167: Computer Equipment Debit Credit Balance Date 209: Salaries Payable Debit 168: Accumulated Depreciation-Computer Equip. Debit Credit Balance 307: Common Stock: Credit Balance Date Debit Credit Balance Date Date Date Date 209: Salaries Payable Debit Credit Balance Date 307: Common Stock Debit Credit Balance Credit Balance Date 319: Dividends Debit Credit Balance 318: Retained Earnings Debit 405: Commissions Revenue: Debit Credit Balance Date 622: Salaries Expense Debit 612: Depreciation Expense-Computer Equip. Debit Credit Balance 637: Insurance Expense Credit Balance Date Debit Credit Balance Assignment Date Date Date 640: Rent Expense Debit Credit Balance Date 650: Office Supplies Expense Debit Credit Balance Credit Balance Date 688: Telephone Expense Debit Credit Balance 684: Repairs Expense Debit 901: Income Summary Debit Credit Balance Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req 5B Req 5C Req 6A Req 6B GL Req Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title: Totals < Req 6B GL Debit Credit $ 0 $ 0 Req 7 > ces April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock. April 2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 3 The company purchased $1,000 of office supplies for cash. April 10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $1,600 cash for two weeks' salaries earned by employees. April 24 The company collected $8,000 cash for commissions revenue. April 28 The company paid $1,600 cash for two weeks' salaries earned by employees. April 29 The company paid $350 cash for minor repairs to the company's computer. April 30 The company paid $750 cash for this month's telephone bill. April 30 The company paid $1,500 cash in dividends. The company's chart of accounts follows. 101 Cashi 106 Accounts Receivable 124 Office Supplies 128 Prepaid Insurance 167 Computer Equipment 168 Accumulated Depreciation-Computer Equipment 209 Salaries Payable. 307 Common Stock) 318 Retained Earnings 319 Dividends Use the following information: a. Prepaid insurance of $133 has expired this month. 405 Commissions Revenue 612 Depreciation Expense-Computer Equipment 622 Salaries Expense 637 Insurance Expense: 640 Rent Expense 650 Office Supplies Expense 684 Repairs Expense t 688 Telephone Expense 901 Income Summary b. At the end of the month, $600 of office supplies are still available. c. This month's depreciation on the computer equipment is $500. d. Employees earned $420 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,750 of commissions that are not yet billed at month-end. Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. 5a. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30. 5c. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 101: Cash Date Debit General Ledger accounts Credit Balance Date 106: Accounts Receivable Debit Credit Balance Date 124: Office Supplies Debit Credit Balance Date 128: Prepaid Insurance Debit Credit Balance Date Date 167: Computer Equipment Debit Credit Balance Date 209: Salaries Payable Debit 168: Accumulated Depreciation-Computer Equip. Debit Credit Balance 307: Common Stock: Credit Balance Date Debit Credit Balance Date Date Date Date 209: Salaries Payable Debit Credit Balance Date 307: Common Stock Debit Credit Balance Credit Balance Date 319: Dividends Debit Credit Balance 318: Retained Earnings Debit 405: Commissions Revenue: Debit Credit Balance Date 622: Salaries Expense Debit 612: Depreciation Expense-Computer Equip. Debit Credit Balance 637: Insurance Expense Credit Balance Date Debit Credit Balance Assignment Date Date Date 640: Rent Expense Debit Credit Balance Date 650: Office Supplies Expense Debit Credit Balance Credit Balance Date 688: Telephone Expense Debit Credit Balance 684: Repairs Expense Debit 901: Income Summary Debit Credit Balance Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Adj Entries Req 4 Adj Trial Bal Req 5A Req 5B Req 5C Req 6A Req 6B GL Req Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title: Totals < Req 6B GL Debit Credit $ 0 $ 0 Req 7 >